Common use of Employee Retirement Benefit Plans Clause in Contracts

Employee Retirement Benefit Plans. Each Company Employee shall be eligible to participate in the Xxxxx Fargo 401(k) Plan (the “401(k) Plan”), subject to any eligibility requirements applicable to the 401(k) Plan (with full credit for years of past service to Company and the Company Subsidiaries, or to any predecessor-in-interest of Company or the Company Subsidiaries to the extent such service is currently given credit under the existing Company 401(k) plan) for the purpose of satisfying any eligibility and vesting periods applicable to the 401(k) Plan, and shall enter the 401(k) Plan no later than the Benefits Conversion Date. Each Company Employee shall be eligible to participate in the Xxxxx Fargo Cash Balance Plan (the “Cash Balance Plan”) under the terms thereof, subject to any eligibility requirements applicable to the Cash Balance Plan. Xxxxx Fargo shall not recognize a Company Employee’s past service with Company or any Company Subsidiary or any predecessor-in-interest of Company or the Company Subsidiaries for any purpose under the Cash Balance Plan. Therefore, each Company Employee shall be eligible for participation, as a new employee, in the Cash Balance Plan pursuant to the terms thereof. Each Company Employee shall be eligible for access to Xxxxx Fargo’s retiree medical benefit, subject to any eligibility requirements applicable to such benefit. Xxxxx Fargo shall recognize years of past service with Company and the Company Subsidiaries for the purpose of eligibility to access Xxxxx Fargo’s retiree medical benefit.

Employee Retirement Benefit Plans. Each Company Employee shall be eligible to participate in the Xxxxx Fargo 401(k) Plan (the “"401(k) Plan”"), subject to any eligibility requirements applicable to the 401(k) Plan (with full credit for years of past service to Company and the Company Subsidiaries, or to any predecessor-in-interest of Company or the Company Subsidiaries to the extent such service is currently given credit under the existing Company 401(k) plan) for the purpose of satisfying any eligibility and vesting periods applicable to the 401(k) Plan, and shall enter the 401(k) Plan no later than the Benefits Conversion Date. Each Company Employee shall be eligible to participate in the Xxxxx Fargo Cash Balance Plan (the “"Cash Balance Plan”") under the terms thereof, subject to any eligibility requirements applicable to the Cash Balance Plan. Xxxxx Fargo shall not recognize a Company Employee’s Plan (with full credit for years of past service with to Company or any Company Subsidiary or any predecessor-in-interest of Company or and the Company Subsidiaries Subsidiaries, to the extent credited under the Company's defined contribution plan, for the purpose of satisfying any purpose eligibility and vesting periods applicable to the Cash Balance Plan but not with respect to calculating compensation credits under the Cash Balance Plan. Therefore), each Company Employee and shall be eligible for participation, as a new employee, in enter the Cash Balance Plan pursuant to as of the terms thereofBenefits Conversion Date. Each Company Employee shall be eligible for access to Xxxxx Fargo’s 's retiree medical benefit, subject to any eligibility requirements applicable to such benefit. Xxxxx Fargo shall recognize years of past service with Company and the Company Subsidiaries for the purpose of eligibility to access Xxxxx Fargo’s 's retiree medical benefit.

Employee Retirement Benefit Plans. Each Company Employee shall be eligible to participate in the Xxxxx Fargo 401(k) Plan (the “401(k) Plan”), subject to any eligibility requirements applicable to the 401(k) Plan (with full credit for years of past service to Company and the Company Subsidiaries, or to any predecessor-in-interest of Company or the Company Subsidiaries to the extent such service is currently given credit under the existing Company 401(k) plan) for the purpose of satisfying any eligibility and vesting periods applicable to the 401(k) Plan, and shall enter the 401(k) Plan no later than the Benefits Conversion Date. Each Company Employee shall be eligible to participate in the Xxxxx Fargo Cash Balance Plan (the “Cash Balance Plan”) under the terms thereof, subject to any eligibility requirements applicable to the Cash Balance Plan. Xxxxx Fargo shall not recognize a Company Employee’s past service with Company or any Company Subsidiary or any predecessor-in-interest of Company or the Company Subsidiaries for any purpose under the Cash Balance Plan. Therefore, each Company Employee shall be eligible for participation, as a new employee, in the Cash Balance Plan pursuant to the terms thereof. Each Company Employee shall be eligible for access to Xxxxx Fargo’s retiree medical benefit, subject to any eligibility requirements applicable to such benefit. Xxxxx Fargo shall recognize years of past service with Company and the Company Subsidiaries for the purpose of eligibility to access Xxxxx Fargo’s retiree medical benefit.

Employee Retirement Benefit Plans. Each Company Employee shall be eligible to participate in the Xxxxx Wells Fargo 401(k) Plan (the “"401(k) Plan”Xxxn"), subject to any eligibility requirements applicable to the 401(k) Plan (with full credit for years of past service to Company and the Company Subsidiaries, or to any predecessor-in-interest of Company or the Company Subsidiaries to the extent such service is currently given credit under the existing Company 401(k) plan) for the purpose of satisfying any eligibility and vesting periods applicable to the 401(k) Plan, and shall enter the 401(k) Plan no later than the Benefits Conversion Date. Each Company Employee shall be eligible to participate in the Xxxxx Wells Fargo Cash Balance Plan (the “Cash "Xxxx Balance Plan”") under the terms thereof, subject to any eligibility requirements applicable to the Cash Balance Plan. Xxxxx Wells Fargo shall not recognize a Company Cxxxxxy Employee’s 's past service with Company or any Company Subsidiary or any predecessor-in-interest of Company or the Company Subsidiaries for any purpose under the Cash Balance Plan. Therefore, each Company Employee shall be eligible for participation, as a new employee, in the Cash Balance Plan pursuant to the terms thereof. Each Company Employee shall be eligible for access to Xxxxx Wells Fargo’s 's retiree medical benefitbenefxx, subject xubject to any eligibility requirements applicable to such benefit. Xxxxx Wells Fargo shall recognize years of past ox xxxt service with Company and the Company Subsidiaries for the purpose of eligibility to access Xxxxx Wells Fargo’s 's retiree medical benefitbenefxx.

Employee Retirement Benefit Plans. Each Company Employee shall be eligible to participate in the Xxxxx Fargo 401(k) Plan (the “401(k) Plan”), subject to any eligibility requirements applicable to the 401(k) Plan (with full credit for years of past service to Company and the Company Subsidiaries, or to any predecessor-in-interest of Company or the Company Subsidiaries to the extent such service is currently given credit under the existing Company 401(k) plan) for the purpose of satisfying any eligibility and vesting periods applicable to the 401(k) Plan, and shall enter the 401(k) Plan no later than the Benefits Conversion Date. Each Company Employee shall be eligible to participate in the Xxxxx Fargo Cash Balance Plan (the “Cash Balance Plan”) under the terms thereof, subject to any eligibility requirements applicable to the Cash Balance Plan. Xxxxx Fargo shall not recognize a Company Employee’s Plan (with full credit for years of past service with to Company or any Company Subsidiary or any predecessor-in-interest of Company or and the Company Subsidiaries Subsidiaries, to the extent credited under the Company’s ESOP/Money Purchase Pension Plan, for the purpose of satisfying any purpose eligibility and vesting periods applicable to the Cash Balance Plan but not with respect to calculating compensation credits under the Cash Balance Plan. Therefore), each Company Employee and shall be eligible for participation, as a new employee, in enter the Cash Balance Plan pursuant to as of the terms thereofBenefits Conversion Date. Each Company Employee shall be eligible for access to Xxxxx Fargo’s retiree medical benefit, subject to any eligibility requirements applicable to such benefit. Xxxxx Fargo shall recognize years of past service with Company and the Company Subsidiaries for the purpose of eligibility to access Xxxxx Fargo’s retiree medical benefit.